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XRP Whales Slow Sales, Signs Of Accumulation Rise

10h05 ▪ 4 min read ▪ by Luc Jose A.
Getting informed Altcoins

In a crypto market driven by spectacular announcements, some signals go unnoticed while revealing deep dynamics. This is the case with discreet yet massive movements around XRP on Binance. Abnormally high volumes circulate in strategic silence, capturing analysts’ attention. Behind this silent accumulation could lie significant buying pressure, often a precursor to a trend reversal. Away from the spotlight, XRP seems to be preparing for a phase.

An anonymous figure, only a gloved hand appears in the center, gently placing a shiny XRP crypto coin into the safe.

In Brief

  • A massive but discreet accumulation of XRP has been spotted on Binance, despite strong selling pressure.
  • XRP’s Open Interest has experienced strong fluctuations, indicating a revival of speculative activity.
  • Several key indicators, such as the Taker Buy/Sell ratio and the funding rate, show a market under tension.
  • The current situation could pave the way for a short squeeze or a strong rebound of XRP if trends confirm.

A discreet but massive accumulation observed on Binance

Recent movements around XRP on Binance indicate an active accumulation of the crypto by buyers despite significant selling pressure. Buyers are absorbing intense selling pressure.

This pattern reflects a silent accumulation of XRP, interpreted by market experts as a potential early sign of a bullish reversal.

In other words, although sales are rising, the market shows signs of absorption, meaning buyers systematically take over sold volumes without the price yielding significantly.

This situation is often interpreted as a precursor signal for a bullish reversal. Such data reading is notably based on several key elements observed on Binance in recent days :

  • A peak in Open Interest at $1.5 billion in early May, indicating strong speculative interest ;
  • A sharp drop to $530 million, signaling liquidation of many leveraged positions ;
  • A clear recovery in Open Interest since this trough, showing a return of speculation on the asset ;
  • The stability of the XRP price despite selling pressure, confirming the market’s absorption capacity.

All these combined signals suggest that seasoned operators are currently accumulating XRP, taking advantage of general indecision to position themselves ahead of a possible bullish impulse.

A market under tension, between apparent neutrality and latent selling pressure

Market indicator analysis reveals more subtle dynamics that complete this picture. The funding rate, which measures the balance between long and short positions, is currently neutral.

This means traders are split, without a clear directional bias. Yet a closer look at the data shows an increase in short positions while funding decreases. This context could create conditions for a short squeeze. Short positions are increasing as funding decreases. This has led to a rise in the crypto of Ripple, signaling a slight contraction.

Moreover, the Taker Buy/Sell Ratio is currently at 0.91 on Binance. This figure signals strong selling pressure, dominated by aggressive sell orders.

Despite this, the XRP price remains stable, suggesting that if this pressure persists but the price holds steady, it likely indicates an absorption phenomenon, a potential bullish sign.

In other words, the market absorbs these sales without the price collapsing, implying that possibly institutional actors are discreetly accumulating in anticipation of a reversal.

If XRP’s current price holds above the symbolic $2 threshold and now flirts with $2.58 after a 3.8% increase in 24 hours, this could catalyze renewed speculative interest. However, volatility remains a major risk factor.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.